Equitable Group Inc. Earnings Recaps
Q4 2025
Dec 5, 2025
EQB delivered resilience amidst a challenging economic landscape, closing fiscal 2025 with a solid 10% growth in total loans and a robust performance from its EQ Bank segment, which saw customer growth of 18%.
Key takeaways
- Total loans under management grew 10% year-over-year; off-balance sheet CMHC-insured mortgage segment surged 36%.
- EQ Bank achieved 18% growth in customers and 10% growth in deposits, nearing $10 billion in deposit balances.
- Launched small business banking offering with $140 million in deposits by October, demonstrating strong market potential.
- Expanded net interest margin (NIM) by 4 basis points sequentially to 2.01%, signaling improved profitability.
- Implemented restructuring measures aimed at enhancing operational efficiency, expected to yield benefits in Q1 fiscal 2026.
Q3 2025
Aug 28, 2025
EQB reported third-quarter results that highlighted resilient lending growth despite ongoing economic challenges, resulting in a lower-than-expected revenue and earnings performance.
Key takeaways
- Loans under management increased 10% year-over-year to approximately $74 billion, driven by strong performance in personal lending and commercial banking.
- New customer additions in EQ Bank surged 21% year-over-year, contributing to a record deposit level of $9.7 billion.
- Provision for credit losses rose to 33 basis points, driven by macroeconomic headwinds and increased gross impaired loans, particularly in personal lending.
- Revenue and earnings fell short of expectations, leading to a full-year ROE forecast revision down to approximately 11.5%.